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October 2004
KazInvestBank’s branch opened in Astana and was registered by the related authorities.

ERSAI Caspian Contractor LLC started works on erection and assembly of the Concrete Weight Coating (CWC) Plant Area. The CWC Plant is an integrated complex utilized for application of concrete as protection and weight of pipes for offshore lines. Total quantity of pipes coated with concrete is 24,000.

November 2004
KKM Operating Company (KKM OC) announced that Ernst and Young Kazakhstan was elected and approved by the Board of Directors for auditing the company’s financial statements and reports.

ERSAI Caspian Contractor LLC signed a subcontract with Saipem S.p.A. to carry out critical activities, such as fabrication, load out and sea-fastening of piles and flares. Yard investment has now totaled over $15 million.

December 2004
Adnan Ally Agha was appointed as Chief Executive Officer of KazInvestBank (KIB). Adnan Ally Agha has 16 years of experience at Citigroup to contribute to KIB. KIB closed FY2004 with assets totaling $63 million comparing to $9 million in FY2003.

KKM Operating Company (KKM OC) announced that Kazakhstan Agency for regulation and supervision of financial market and financial organizations (AFN) approved the company’s report on the share flotation results.

Lancaster Group©2003-2012